iOS app Android app

Jp Morgan Loss

The High Engagement Work Culture: A New Perspective for Framing the Debate About Capitalism

Peter Smirniotopoulos | Posted 12.04.2012 | Business
Peter Smirniotopoulos

To my knowledge, no one has taken a look at the symptomatology leading up to the 2008 crash from the perspective of Wall Street's prevailing corporate culture, with the insights only these two authors can provide.

Data Storage Company Admits It Bribed JPMorgan Execs With Golf Memberships

The Huffington Post | Alexander Eichler | Posted 06.28.2012 | Business

A Long Island data storage company has agreed to pay $5.8 million to settle federal investigations into claims its employees bribed executives at JPMo...

How Kennedy's Death Led to JP Morgan Losing $2 Billion

Jason Stanford | Posted 08.19.2012 | Politics
Jason Stanford

JP Morgan didn't lose $2 billion because of hubris, regulation, or market forces. It lost $2 billion because Ted Kennedy died.

Blankfein Fears A World In Which People Are 'Made To Ask Questions'

The Huffington Post | Alexander Eichler | Posted 06.13.2012 | Business

With Jamie Dimon called on the carpet before the Senate Banking Committee Wednesday, it almost seemed like for a moment bankers were going to be held ...

NY Fed Chair: It's No Big Deal That JPMorgan CEO Is On Our Board

The Huffington Post | Alexander Eichler | Posted 06.11.2012 | Business

At least 36,000 people say JPMorgan Chase CEO Jamie Dimon should step down from the board of directors at the Federal Reserve Bank of New York. Lee...

What To Expect When Jamie Dimon Goes To Washington This Week

Reuters | Posted 08.10.2012 | Business

* JPMorgan chief to appear before Senate on June 13 * Likely to be pressed on how much trading losses have grown * Testi...

Barney Frank: Republican Lawmakers Have 'Terrible Priorities'

The Huffington Post | Alexander Eichler | Posted 06.08.2012 | Business

A proposal to slash funding for a major financial regulator is being met with strong criticism. Representative Barney Frank, a Massachusetts Democr...

To Dodd-Frank: Adapt or Engender More JPM-like Losses

Matthew Schoenfeld | Posted 08.08.2012 | Business
Matthew Schoenfeld

Large losses are most often caused by unpredictable price movements that are impossible to predict using historical pricing data. Instead of attempting the impossible, regulators should utilize the information that they do have.

Jason Linkins

GOP Senator Mocks Regulators He Sandbagged For JPMorgan Losses

HuffingtonPost.com | Jason Linkins | Posted 05.24.2012 | Politics

Sen. Richard Shelby (R-Ala.) is shocked -- SHOCKED! -- that gambling is going on at JPMorgan, and that this gambling led to a multibillion-dollar loss...

JPMorgan, the Volcker Rule, and the Extreme Brevity of Financial Memory

Arianna Huffington | Posted 07.24.2012 | Business
Arianna Huffington

Financial crises are a lot like childbirth -- they both involve a lot of pain and end up costing you a lot of money. But, after a while, you forget about all the negatives and are ready to do it again.

Sunday Roundup

Arianna Huffington | Posted 07.19.2012 | Politics
Arianna Huffington

This week, Facebook went public with the third largest IPO in history. On the downside of the ledger, Moody's downgraded more than three-dozen Spanish and Italian banks, and JPMorgan's trading losses zoomed past the original $2 billion estimate. On the political front, a pro-Romney super-PAC's plan to disentomb the Reverend Wright scandal made headlines. Some might question the wisdom of those backing a candidate who is an elder in a church known for magic underwear, baptizing dead people and a belief that Jesus visited America making religion a campaign issue -- but in a world where single-mom Bristol Palin shamelessly moralizes about the value of kids "growing up in a mother/father home," all bets are off. The controversy prompted Romney to deliver the quote of the week, saying of his stance on Reverend Wright: "I'm not familiar with precisely what I said, but I stand by what I said, whatever it was." Mitt, check your Facebook timeline!

The Daily Szep -- A Wall St. Banker

Paul Szep | Posted 07.15.2012 | Comedy
Paul Szep

2012-05-15-szeppers.jpg

White House Reacts To $2 Billion Blunder

AP | Posted 07.14.2012 | Politics

ABOARD AIR FORCE ONE -- The White House says a $2 billion trading blunder by JPMorgan Chase shows the continued need for rules that protect the taxpay...

Sunday Roundup

Arianna Huffington | Posted 07.12.2012 | Politics
Arianna Huffington

This week, risky trades by JP Morgan caused $2 billion in losses and showed why muscular banking regulation is still so badly needed; Rick Santorum endorsed Romney in an email sent out around midnight with no advance notice to reporters -- just one step short of sending his endorsement directly to spam folders; and, of course, the week's top story was obviously President Obama's "I do" on gay marriage -- a groundbreaking move that aligned him with Dr. King's evocative suggestion that we be the headlights of history, not the taillights. Thank you for your bold leadership, Mr. President. Now, if you can get to know as many unemployed people as you do gay people, perhaps you'll provide equally bold leadership on jobs. Finally, here's wishing moms everywhere a very happy Mother's Day!

Thoughts on the Big JP Loss

Jared Bernstein | Posted 07.12.2012 | Business
Jared Bernstein

Financial markets are inherently unstable. They will neither self-correct nor self-regulate. Their instability poses a threat to markets and economies and people across the globe.

JPMorgan Chase In Slump, Profit Drops 50 Percents

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co.'s profit fell 50 percent in the first quarter after the bank took a provision of $5.1 billion to strengthen its ...